Economy

Inflation must fall to 2% before lowering interest rates – ECB’s Philip Lane

ECB officials are increasingly confident that inflation is heading back to target of 2 per cent and are gearing up to start lowering rates later this year

Philip Lane, ECB chief economist. ‘We need to be further along in the disinflation process before we can be sufficiently confident that inflation will hit the target in a timely manner.’ Picture: RollingNews